The price of spare parts has also skyrocketed by as much as 60%!
According to the Utusan Melayu, prices of automotive spare parts are expected to increase by up to 60%, said Perak Bumiputera automotive workshop owners and business operators’ association chairman Hadiman Arrifin. Following the reopening of economic sectors and the resumption of interstate travel last month, prices of automobile spare parts across all types of cars are likely to rise by up to 60% in the short term due to supply concerns and rising transportation costs.
In addition to supply and demand issues, rising transportation costs and rising import taxes are also one of the reasons for the skyrocketing increase in spare parts. Not only the prices of new spare parts have increased, but the second-hand spare parts also increased, some of which have increased by 60%.
Not only the price of auto parts has risen, but the price of new car tires has also risen, ranging from 35% to 60%. As for engine lubricants, it has also increased by 15%. Car wheel frames and air-conditioning liquid cooling also continue to increase in price.
If you are planning to replace your tires or a warranty car, maybe now is the best time. In a few months, there will be another wave of price increases for new tires and spare parts.
Recently, most items in the country have experienced price increases, and people have been complaining. Former Prime Minister Najib has also posted repeatedly on Facebook asking the current government to deal with the issue of prices rising. However, we have not seen any positive actions so far by the government.
